Section 38 – Furnishing details of inward supplies of CGST ACT, 2017<\/p>\n
38. (1) Every registered person, other than an Input Service Distributor or a
\nnon-resident taxable person or a person paying tax under the provisions of section 10 or
\nsection 51 or section 52, shall verify, validate, modify or delete, if required, the details
\nrelating to outward supplies and credit or debit notes communicated under sub-section (1)
\nof section 37 to prepare the details of his inward supplies and credit or debit notes and may
\ninclude therein, the details of inward supplies and credit or debit notes received by him in
\nrespect of such supplies that have not been declared by the supplier under sub-section (1)
\nof section 37.
\n(2) Every registered person, other than an Input Service Distributor or a non-resident
\ntaxable person or a person paying tax under the provisions of section 10 or section 51 or
\nsection 52, shall furnish, electronically, the details of inward supplies of taxable goods or
\nservices or both, including inward supplies of goods or services or both on which the tax is
\npayable on reverse charge basis under this Act and inward supplies of goods or services or
\nboth taxable under the Integrated Goods and Services Tax Act or on which integrated goods
\nand services tax is payable under section 3 of the Customs Tariff Act, 1975, and credit or debit
\nnotes received in respect of such supplies during a tax period after the tenth day but on or
\nbefore the fifteenth day of the month succeeding the tax period in such form and manner as
\nmay be prescribed:
\nProvided that the Commissioner may, for reasons to be recorded in writing, by
\nnotification, extend the time limit for furnishing such details for such class of taxable persons
\nas may be specified therein:
\nProvided further that any extension of time limit notified by the Commissioner of State
\ntax or Commissioner of Union territory tax shall be deemed to be notified by the Commissioner.
\n(3) The details of supplies modified, deleted or included by the recipient and furnished
\nunder sub-section (2) shall be communicated to the supplier concerned in such manner and
\nwithin such time as may be prescribed.
\n(4) The details of supplies modified, deleted or included by the recipient in the
\nreturn furnished under sub-section (2) or sub-section (4) of section 39 shall be
\ncommunicated to the supplier concerned in such manner and within such time as may be
\nprescribed.
\n(5) Any registered person, who has furnished the details under sub-section (2) for any
\ntax period and which have remained unmatched under section 42 or section 43, shall, upon
\ndiscovery of any error or omission therein, rectify such error or omission in the tax period
\nduring which such error or omission is noticed in such manner as may be prescribed, and
\nshall pay the tax and interest, if any, in case there is a short payment of tax on account of such
\nerror or omission, in the return to be furnished for such tax period:
\nProvided that no rectification of error or omission in respect of the details furnished
\nunder sub-section (2) shall be allowed after furnishing of the return under section 39 for the
\nmonth of September following the end of the financial year to which such details pertain, or
\nfurnishing of the relevant annual return, whichever is earlier.<\/p>\n","protected":false},"excerpt":{"rendered":"
Section 38 – Furnishing details of inward supplies of CGST ACT, 2017 38. (1) Every registered person, other than an Input Service Distributor or a non-resident taxable person or a person paying tax under the provisions of section 10 or section 51 or section 52, shall verify, validate, modify or delete, if required, the details … Continue reading “Section 38 – Furnishing details of inward supplies of CGST ACT, 2017”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"_links":{"self":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/200"}],"collection":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/comments?post=200"}],"version-history":[{"count":1,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/200\/revisions"}],"predecessor-version":[{"id":201,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/posts\/200\/revisions\/201"}],"wp:attachment":[{"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/media?parent=200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/categories?post=200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/khannaandassociates.com\/blog\/wp-json\/wp\/v2\/tags?post=200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}